Solar financing program warrants further scrutiny

GEMS, the Green Energy Market Securitization program proposed by the state Department of Business Economic Development and Tourism, raises serious questions and should be a serious campaign issue. Do we really want the state to get into the banking business?
Two years ago the Legislature authorized on-bill financing, where utility bills would include solar loan payments. On-bill financing has been vetted by an array of stakeholders. It's just about ready to be launched but has regrettably become entangled with GEMS.

GEMS, the Green Energy Market Securitization program proposed by the state Department of Business Economic Development and Tourism, raises serious questions and should be a serious campaign issue. Do we really want the state to get into the banking business?

Two years ago the Legislature authorized on-bill financing, where utility bills would include solar loan payments. On-bill financing has been vetted by an array of stakeholders. It's just about ready to be launched but has regrettably become entangled with GEMS. Login for more...